Iran war prompts gas supply boost to priority sectors
after close1 source ↓written by the desknot a recommendation
- of natural gas
- 7 mmscmd
- following a significant
- $11.60 per mmbtu
The Indian government plans to release 7 mmscmd of natural gas to priority sectors, including city gas distributors and fertiliser makers, amid a supply crunch caused by the Iran war. The gas will be priced at $11.60 per mmbtu following a significant drop in imports due to geopolitical tensions.
This move aims to stabilize supply for critical industries as the government prioritizes gas distribution through a pooling mechanism overseen by state-run Gail. Immediate implications may include improved operational continuity for affected sectors.
Not investment advice. For informational purposes only.